Century Aluminum (NASDAQ:CENX – Get Free Report) was the recipient of some unusual options trading on Monday. Investors acquired 7,268 put options on the stock. This is an increase of 473% compared to the typical volume of 1,269 put options.
Century Aluminum Stock Up 9.2 %
Century Aluminum stock traded up $1.71 during trading hours on Monday, hitting $20.40. The company had a trading volume of 2,002,838 shares, compared to its average volume of 1,334,999. The firm’s fifty day moving average is $19.66 and its 200-day moving average is $17.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. Century Aluminum has a fifty-two week low of $9.65 and a fifty-two week high of $25.39. The firm has a market capitalization of $1.89 billion, a P/E ratio of 6.80 and a beta of 2.50.
Insider Activity at Century Aluminum
In other news, CEO Jesse E. Gary sold 29,243 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the transaction, the chief executive officer now directly owns 50,753 shares in the company, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Century Aluminum
Analyst Upgrades and Downgrades
CENX has been the topic of a number of research analyst reports. B. Riley raised their price target on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets raised their price objective on shares of Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.
Get Our Latest Analysis on Century Aluminum
About Century Aluminum
Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.
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